We have seen and observed it really well that people never think about getting a divorce when they are getting married. But on the other hand it is a fact that a number of people end up in getting divorced. When people come across a divorce process they see that they need to follow a number of rules and regulations. If they fail to follow to follow these laws then no doubt they get them in to more trouble. Same goes true for the military divorce. Rather it will not be wrong to say that military divorce is different from traditional divorce and same is true when it comes to military retirement divorce. It is regulated by both the federal as well as state court systems.
It is due to this complicated fact that it is highly suggested to hire the services of a professional person who is well aware of the process of the military retirement divorce. In this underlined piece of writing we will be focusing on the basic formulas that must be followed while one gets in to a military retirement divorce.
• The number of years you have served the military during your marriage is divided by the number of years you have served the military. For example there is a person who has served the military for three years before getting married and he continues serving the military for next 15 years thus in a military retirement divorce it would be equal to 15 divided by 18. The court will then divide the amount between both the parties.
• If there is a case where the number of years served are unknown to the court thus in this case what court will do is that it will calculate the percentage figure using the above mentioned formula. Same way will be adopted to get the percentage amount that will be sent to the spouse afterwards for the rest of the life.
It is an admitted fact that courts try to divide the assets between both the partners so that they can live a better life. These procedures are carried out under the QDRO. It is an abbreviation for qualified domestic relationships order. Under this order courts divide the assets or marital property equally among the spouses. A spouse is supposed to pay the alimony as well as child support amount to the other spouse. The couple getting divorce needs to get the QDRO form signed by the court or any assigned authority in the state to make sure that it is effective. Even if the couple agrees to be in divorce settlement with one another even then they need to get the form signed otherwise it will not be effective.
No doubt people are not well aware of the term QDRO 401k and its related procedures but as a matter of fact there are a number of websites working in the online world to make sure that people adopt right way of meeting the laws and regulations related to the divorce process. One such website is www.qdronow.com.